John L.Thornton, Chairman of Tsinghua SEM Advisory Board, chaired the 2011 Board meeting. He first expressed his greetings and welcome to eight new members joined the Board this year, namely, Daniel F. Akerson, Chairman and CEO, General Motors; Henri de Castries, Chairman and President, AXA; CHANG Zhenming, Chairman, CITIC Group; Henry R. Kravis, Chairman and CEO, KKR; Richard C. Levin, President, Yale University; Robin Li, Founder, Chairman and CEO, Baidu Inc.; Nitin Nohria, Dean, Harvard Business School; and Indra K. Nooyi, Chairman and CEO, PepsiCo. Later on, a video clip of Zhu Rongji’s return visit to SEM on April 22 was played for the audience.